Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Short Interest Climbs 57.4%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 170,142 shares, a growth of 57.4% from the September 15th total of 108,082 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 327,907 shares, the short-interest ratio is presently 0.5 days.

Invesco Financial Preferred ETF Stock Down 0.1%

Invesco Financial Preferred ETF stock traded down $0.01 during trading hours on Friday, hitting $12.79. 526,222 shares of the company traded hands, compared to its average volume of 172,903. The firm’s 50-day simple moving average is $13.13 and its two-hundred day simple moving average is $13.58. Invesco Financial Preferred ETF has a 1-year low of $12.55 and a 1-year high of $14.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. increased its position in shares of Invesco Financial Preferred ETF by 19.0% during the 1st quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock valued at $4,378,000 after purchasing an additional 50,749 shares during the period. Citadel Advisors LLC acquired a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter valued at $844,000. Fifth Third Bancorp bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth $1,021,000. City Center Advisors LLC raised its stake in shares of Invesco Financial Preferred ETF by 13.9% in the 2nd quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after buying an additional 1,761 shares in the last quarter. Finally, Cim LLC raised its stake in shares of Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 969 shares in the last quarter.

About Invesco Financial Preferred ETF

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.